No. of Recommendations: 6
Wall Street old timers remember Meredith Whitney’s great housing call. “ The CEO of Meredith Whitney Advisory Group, whose prediction of the Great Financial Crisis earned her the moniker “Oracle of Wall Street,” pointed out in a Financial Times op-ed that more than 54% of homes are owned by seniors, up from 44% in 2008.
She added that 79% of seniors own their homes, and three-fourths of them don’t have a mortgage, meaning they have an enormous amount of equity that can help cover rising homeownership costs, such as insurance.”
fortune.com - Boomers housing market gen z millenials home sales demand supply outlook 